Arizona State Retirement System lowered its stake in shares of DSW Inc. (NYSE:DSW) by 6.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 98,944 shares of the company’s stock after selling 6,516 shares during the period. Arizona State Retirement System owned approximately 0.12% of DSW worth $3,352,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. Assenagon Asset Management S.A. acquired a new position in shares of DSW during the 3rd quarter worth approximately $2,998,000. James Investment Research Inc. increased its position in shares of DSW by 49.9% during the 3rd quarter. James Investment Research Inc. now owns 144,386 shares of the company’s stock worth $4,892,000 after purchasing an additional 48,081 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of DSW by 19.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 155,146 shares of the company’s stock worth $5,256,000 after purchasing an additional 25,533 shares during the last quarter. Alps Advisors Inc. acquired a new position in shares of DSW during the 3rd quarter worth approximately $1,110,000. Finally, Creative Planning acquired a new position in shares of DSW during the 3rd quarter worth approximately $2,240,000. Hedge funds and other institutional investors own 89.44% of the company’s stock.
Shares of NYSE DSW opened at $27.41 on Friday. DSW Inc. has a 12 month low of $18.01 and a 12 month high of $34.63. The company has a market cap of $2.25 billion, a PE ratio of 18.03, a price-to-earnings-growth ratio of 1.79 and a beta of 1.12.
DSW (NYSE:DSW) last issued its earnings results on Tuesday, August 28th. The company reported $0.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.17. DSW had a return on equity of 15.75% and a net margin of 0.06%. The company had revenue of $793.70 million during the quarter, compared to the consensus estimate of $689.41 million. During the same period in the previous year, the company posted $0.38 EPS. The firm’s revenue for the quarter was up 16.4% compared to the same quarter last year. On average, research analysts anticipate that DSW Inc. will post 1.73 earnings per share for the current fiscal year.
DSW has been the topic of several recent analyst reports. Zacks Investment Research raised DSW from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a research report on Tuesday, August 14th. MKM Partners set a $29.00 price target on DSW and gave the stock a “hold” rating in a research report on Friday, October 12th. Citigroup boosted their price target on DSW from $25.00 to $33.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 29th. Canaccord Genuity reaffirmed a “hold” rating and set a $22.00 price target on shares of DSW in a research report on Friday, August 17th. Finally, Susquehanna Bancshares lowered DSW from a “neutral” rating to a “negative” rating and lowered their price target for the stock from $26.00 to $22.00 in a research report on Friday, August 17th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $29.08.
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DSW Inc, together with its subsidiaries, operates as a branded footwear and accessories retailer in the United States. The company offers dresses, casual and athletic footwear, and accessories under various brands for women, men, and kids. It also provides handbags, hosiery, jewelry, and other accessories.
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